41.2 percent stake for expansion

MILAN | Family-owned Missoni sells 41.2 percent stake for expansion

MILAN— The family-owned Missoni fashion house says the Italian investment fund FSI will take a 41.2 percent stake to help expand the business. Creative director Angela Missoni said Friday that the family will retain a 58.8 percent stake and operational control of the knitwear brand known for its intricate weaves and colorful designs. She says … Continue reading MILAN | Family-owned Missoni sells 41.2 percent stake for expansion